The S&P 500 model is a hair from overbought so there may be a bit more upside in the market, but intraday technicals suggest it is likely to be limited if existent. Price is under the major resistance from the last 2 weeks and was not able to put together a broad based large rally on "good news" from jobless claims data, which suggests that buying interest may be sparse.
New Trade Recommendation:
Buy SDS today with a market order. Current price is 55.75 which will be the blog entry price.
Pete
No comments:
Post a Comment